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Randomized response technique: The procedure for collecting the information on sensitive issues by means of the survey, in which an element of chance is introduced as to what query a respondent has to answer. In the survey about abortion, for instance, a woman may be posed both the questions 'have you had an abortion' and 'have you never had an abortion', and is asked to respond to one or the other depending on the outcome of a randomizing device in her control. The response is now not revealing since no one except the respondent knows which question has been answered. Yet the data attained can be used to estimate the quantities of interest, here, for instance, the proportion of women who have had an abortion (π); if the probability of selecting the question 'have you had an abortion', P, is known and is not equal to 0.5. If y is the proportion of 'yes' answers to this question in a random sample of n respondents, one estimator of π can be given by the following formula This estimator is unbiased and has the variance, V
Hi , Im currently taking the course Financial Econometrics of Master of Finance at RMIT. I find it really difficult to understand the course''s material and now im having the majo
Goodmanand kruskal measures of association is the measures of associations which are useful in the situation where two categorical variables cannot be supposed to be derived from
Incidental parameter problem is a problem which sometimes occurs when the number of parameters increases in the tandem with the number of observations. For instance, models for pa
An oil company is considering whether or not to bid for an offshore drilling contract. If they bid, the value would be $600m with a 65% chance of gaining the contract. The company
Change point problems : Problems with chronologically ordered data collected over the period during which there is known to have been a change in the underlying data generation cou
Average age at death : A ?awed statistic summarizing expectancy of the life and other aspects of the mortality. For instance, a study comparing average age at the death for male sy
A term usually used for unobserved individual heterogeneity. Such variation is of main concern in the medical statistics particularly in the analysis of the survival times where ha
Pattern recognition is a term for a technology that recognizes and analyses patterns automatically by machine and which has been used successfully in many areas of application inc
Conjugate prior : The distribution for samples from the particular probability distribution such that the posterior distribution at each stage of the sampling is of the identical f
Regression dilution is the term which is applied when a covariate in the model cannot be measured directly and instead of that a related observed value must be used in analysis. I
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